JPMorgan Chase & Co. Sells 5,921 Shares of Aeva Technologies, Inc. (NYSE:AEVA)

JPMorgan Chase & Co. lessened its holdings in shares of Aeva Technologies, Inc. (NYSE:AEVA) by 15.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 32,364 shares of the company’s stock after selling 5,921 shares during the period. JPMorgan Chase & Co.’s holdings in Aeva Technologies were worth $106,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AEVA. Dimensional Fund Advisors LP bought a new position in shares of Aeva Technologies during the second quarter valued at $118,000. Barclays PLC increased its stake in Aeva Technologies by 276.4% during the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after purchasing an additional 21,964 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after buying an additional 8,007 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after buying an additional 76,044 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock opened at $4.24 on Monday. The stock has a market capitalization of $228.45 million, a PE ratio of -1.37 and a beta of 1.40. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.25. The company’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $3.75.

Insider Activity at Aeva Technologies

In related news, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the sale, the chief technology officer now owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.49, for a total value of $483,999.55. Following the completion of the transaction, the chief executive officer now owns 4,097,013 shares of the company’s stock, valued at $18,395,588.37. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Roth Mkm upped their price target on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Craig Hallum raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aeva Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.